Service level is A. something that should be minimized in retail B. calculated as the cost...
Homework Answers
Answer: Option C.
Rationale: The service level can be defined as a means to satisfying demand which is to ensure that there is enough stock always. Therefore, Option C is the definition.
Option A is not true as a service level plays a role even in retail and doesn't have to be minimized here as it aims to satisfy the client.
Options B and D are not true as in inventory level the formula is about not stocking out and not the above formula.
Add Answer to:
Service level is
A. something that should be minimized in retail
B. calculated as the cost...
.1. The adoption of a 24/7 customer service help line is an example of a product...
.1. The adoption of a 24/7 customer service help line is an example of a product sustaining activity customer value added activity batch related activity business value added activity non value added activity 2. Pound industries customer service dept follows up on a customer complaint by telephone inquiry. During a recent period, the dept initiated 10,000 calls and incurred costs of 312,000. Of these calls 3,800 were for the company’s wholesale operation, the remainder was for the retail division. Costs...
An out-of-pocket costs is (Choose One) : A) the cost of not doing something. B) an...
An out-of-pocket costs is (Choose One) : A) the cost of not doing something. B) an actual outlay of cash. C) a budgeted estimate. D) a deferred cost.
Which of the following is not classified as a direct labor cost? A. Wages of the...
Which of the following is not classified as a direct labor cost? A. Wages of the store manager at Starbucks. B. Wages of the assemblers who assemble planes at Boeing. C. Wages of computer animators at Pixar. D. Ring engravers at Josten’s. If the cost of goods sold is less than the cost of goods manufactured, then A. Finished Goods Inventory increased during the period. B. Finished Goods Inventory decreased during the period. C. Overhead was overapplied. D. Overhead was...
At the economic order quantity Total annual inventor costs holding costs and ordering costs are all minimized Total an...
At the economic order quantity Total annual inventor costs holding costs and ordering costs are all minimized Total annual inventory costs and holding costs are minimized Total annual inventory costs are minimized and hold costs equal ordering costs Total annual inventory costs are minimized and holds costs exceed ordering costs Total annual inventory cost are minimized and ordering costs exceed holding costs Consider the following statements regarding traditional costing systems: Overhead costs are applied to products on the basis volume...
_____ cost is the cost per unit at the level of production; it equals total costs...
_____ cost is the cost per unit at the level of production; it equals total costs divided by production a. target b. average c. marginal d. opportunity e. fixed
a. How much safety stock provides a 95% service level to Thomas? b. What should the...
a. How much safety stock provides a 95% service level to Thomas? b. What should the reorder point be? Question (3 The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D 600 units, S $20/order and I = 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost? Quantity Price 1 to 49 50 to 249...
MULTIPLE-CHOIC 4-1 If the variable cost per unit goes Break-even point increases. decreases. decreases. increases remains...
MULTIPLE-CHOIC 4-1 If the variable cost per unit goes Break-even point increases. decreases. decreases. increases remains unchanged Contribution margin a. increases b. increases c. decreases d. decreases e. decreases 4.2 The amount of revenue required to earn a targeted profit is equal to total fixed cost divided by contribution margin. a. total fixed cost divided by the contribution margin ratio. targeted profit divided by the contribution margin ratio. d. total fixed cost plus targeted profit divided by contribution margin ratio....
30. Off-price retailers, retail clubs and grocery stores that expect customers to do almost everything themselves...
30. Off-price retailers, retail clubs and grocery stores that expect customers to do almost everything themselves are categorized at what level of retail service? full service limited service self service negative service b. d. 1 Which type of wholesaler takes title to the goods, takes possession of the goods, and delivers the goods to the retailers for immediate payment? a. truck wholesaler (truck jobber) b. drop shipper agent d. cash and carry 32. Which type of superstore is actually a...
Which of the following is implied by a service level of 99 percent? a. Approximately 99...
Which of the following is implied by a service level of 99 percent? a. Approximately 99 percent of demand during lead time will not be satisfied. O b. The probability is 99 percent that demand will equal supply during lead time. c. The probability is 99 percent that demand will not exceed supply during lead time. O d. The probability is 99 percent that demand will not be equal to supply during lead time. e. None of the above.
please calculate the interest and PBO based of the service cost calculated and show formulas. Ulaas...
please calculate the interest and PBO based of the service
cost calculated and show formulas.
Ulaas Paste Font Alignment Number Cell Styles =IF($F$4-B16>=0,$F$12*(1+$F$8)^_($F$4-B16),0) fx 100.000.00 Free Accounting Firm Defined Ben Plan C utions Input Year's Unis Retirement Service Life Expectancy Final Year of Work Salary % Discount Rate Benefit Parlod (Annual) Amusl Retirement Benefit Payment Amuel Retirement Earned Yearly Service Cast 25000100 1.000.00 SUB110190 Outout Year Bene EBENSORENNBBURONOW Service Cost Interest 3,164 23 MVALUE! 3.290 80T 3,422.44 3,559.33 3,701.71 3,849.78...
a. How much safety stock provides a 95% service level to Thomas? b. What should the reorder point be? Question (3 The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D 600 units, S $20/order and I = 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost? Quantity Price 1 to 49 50 to 249...
MULTIPLE-CHOIC 4-1 If the variable cost per unit goes Break-even point increases. decreases. decreases. increases remains unchanged Contribution margin a. increases b. increases c. decreases d. decreases e. decreases 4.2 The amount of revenue required to earn a targeted profit is equal to total fixed cost divided by contribution margin. a. total fixed cost divided by the contribution margin ratio. targeted profit divided by the contribution margin ratio. d. total fixed cost plus targeted profit divided by contribution margin ratio....
30. Off-price retailers, retail clubs and grocery stores that expect customers to do almost everything themselves are categorized at what level of retail service? full service limited service self service negative service b. d. 1 Which type of wholesaler takes title to the goods, takes possession of the goods, and delivers the goods to the retailers for immediate payment? a. truck wholesaler (truck jobber) b. drop shipper agent d. cash and carry 32. Which type of superstore is actually a...
Which of the following is implied by a service level of 99 percent? a. Approximately 99 percent of demand during lead time will not be satisfied. O b. The probability is 99 percent that demand will equal supply during lead time. c. The probability is 99 percent that demand will not exceed supply during lead time. O d. The probability is 99 percent that demand will not be equal to supply during lead time. e. None of the above.
please calculate the interest and PBO based of the service
cost calculated and show formulas.
Ulaas Paste Font Alignment Number Cell Styles =IF($F$4-B16>=0,$F$12*(1+$F$8)^_($F$4-B16),0) fx 100.000.00 Free Accounting Firm Defined Ben Plan C utions Input Year's Unis Retirement Service Life Expectancy Final Year of Work Salary % Discount Rate Benefit Parlod (Annual) Amusl Retirement Benefit Payment Amuel Retirement Earned Yearly Service Cast 25000100 1.000.00 SUB110190 Outout Year Bene EBENSORENNBBURONOW Service Cost Interest 3,164 23 MVALUE! 3.290 80T 3,422.44 3,559.33 3,701.71 3,849.78...
Most questions answered within 3 hours.
-
han discusses the racist practice of badlands, a bar
in the Castro
district of San Francisco,...
asked 3 minutes ago -
A sample of final exam scores is normally distributed with a
mean equal to 25 and...
asked 6 minutes ago -
An investor shorts 100 shares of a stock when the share price is
$50 and closes...
asked 10 minutes ago -
LLOP corporation just paid 4$ dividend per share, you expect the
dividend to grow 8% for...
asked 19 minutes ago -
if we subtract 1000 from 0001 is there overflow? (binary)
asked 27 minutes ago -
Hello, I need help with the function below, The language I am
using is Ocaml
open...
asked 29 minutes ago -
Explain how the presence of glucose represses the gal structural
genes?
asked 36 minutes ago -
For the reaction CaI2+2AgNO3⟶2AgI+Ca(NO3)2 how many grams of
silver iodide, AgI, are produced from 56.5 g...
asked 48 minutes ago -
Write an equation for hydrolysis via acid catalysis.
Using ethyl acetate, ethyl benzoate, ethyl formate or...
asked 56 minutes ago -
Only one graph is needed.
(a) Draw a Supply Curve and the Demand Curve for the...
asked 59 minutes ago -
Fill in the blanks and please show how you arrived at numerical
answers
. The...
asked 59 minutes ago -
91. If the half – life of a sample of radioactive
material is 60 days, what...
asked 1 hour ago